red hering!? call it like it is Its a LIE. many times so called Money laundering is an interpretation of free market activities by Governments that want a cut of the action. The LIE that needs to be perpetrated is that BITCOIN is a major or even minuscule vehicle for illegal trade that involves terrorism and drug traffic, ( you know like the CIA in Afghanistan).
Banks who control governments and media empires NEED for Crypto to be illegal or their control will fade over time. These monsters get involved in regulation but more so i think they are involved in the exchanges through puppets to pump and dump and cause instability. I despise them.